Libby, Montana - The National Indemnity Company hopes to recover about $16 million that was part of a financial settlement for victims of asbestos exposure from the W.R. Grace and Company Libby, Montana Superfund site, it announced late last week.

According to an Associated Press article, the Omaha, Nebraska-based insurance company paid into the settlement under “a 2005 agreement that reserved the company's right to seek future recovery of the money.” National Indemnity is now claiming that the State of Montana did not properly notify them about the lawsuits pertaining to asbestos exposure at the Libby site, and also maintains that outside counsel for the state failed to notify the insurer that they would indeed fight the claims.

The State of Montana has been sued by more than 1,000 asbestos victims who claim that the state knew for several decades about the asbestos-tainted vermiculite at the Libby mines of W.R. Grace and Company and the fact that it was making both workers and members of the community sick. Despite that knowledge, claimants say, the state did nothing.

National Indemnity was made to pay the settlement because of a comprehensive general liability policy that was effective from July 1973 to July 1975. The money from the settlement went into a trust fund used to pay victims. Also included in the trust is $26.8 million from the state's self-insurance reserve fund and $100,000 from the Montana Insurance Guaranty Association. Since the trust was not named in the lawsuit, it should not be affected by this legal action, the article notes.

The trust has already assisted hundreds of local Libby, Montana residents and former W.R. Grace employees whose lives have been altered by asbestos exposure and the development of serious asbestos-related diseases, including malignant mesothelioma. As a matter of fact, more than 60 percent of the claimants in the Libby settlement - 764 people - have already received settlement checks, says Nancy Gibson, an attorney who is overseeing the trust.

Comment

Name:

Surya said...
Rating: 0 &nbsp

It's very sad that asbestos is still in use by many idsentrius, taking into consideration that it's one of the major causes of mesothelioma and other kinds of lung cancer. It also makes me sad that US federal legislation has been enacted to provide compensation to victims of diseases related to asbestos intake or to protect people from further asbestos exposure, even thou a bill called FAIR Act has been introduced in Congress multiple times. This bill supposed to create a national trust fund to provide compensation to victims suffering from diseases related to asbestos intake. This fund would be administered by the DOL through a claims process in which all victims with certain kind of medical symptoms and evidence of asbestos-related diseases would receive compensation. Funding for the trust supposed to come from insurance firms and companies that mined, manufactured, and sold asbestos. But As we see, nothing seemed to happen. Sad.

Where do you live? http://generic-cialis-tadalafil-best-buys-du.webspawner.com/ online cialis store are posted in November. An AHEC switch made by two students must be communicated to the Children must be under the age of 18 up to and including the first day of rotations. Student is sole care provider for another individual

Thanks a lot for the blog.Really looking forward to read more. Really Cool.

3/4/2013 9:41:40 AM

Brian said...
Rating: 0 &nbsp

I want to report a http://cialis-10mg-reviews-it.webspawner.com/ cialis price comparison - walmart Responsibility and Assessment of Risk

3/4/2013 5:19:06 PM

Ignite Energy said...
Rating: 0 &nbsp

Hey, thanks for the article. Want more.

3/5/2013 1:55:08 AM

Caden said...
Rating: 0 &nbsp

What sort of music do you listen to? http://tadalafil-cialisy-de-5-mg-uhe.webspawner.com/ canadian no prescription cialis The Office of Experiential Training and Continuing Pharmacy Education -TSU COPHS Page 16

I live in London http://cialis-costo-confezione-uky.webspawner.com/ buy cialis online us pharmacy Indicator in the Pharmaceutical Schedule

3/4/2013 10:44:17 PM

Riley said...
Rating: 0 &nbsp

We need someone with qualifications http://viagra-dodge-truck-commercial-ip.webspawner.com/ viagra side effects headaches daily routine. The on-site portion of the pharmacy audit is needed to gather information for review once back at the TELUS Health

3/5/2013 7:44:31 AM

Diva said...
Rating: 0 &nbsp

How many would you like? http://average-price-viagra-without-insurance-he.webspawner.com/ price viagra 100mg walmart enterprise for her. Please respect her store and keep it neat. She will give you a fair price. Please buy from her! If

3/5/2013 10:08:47 AM

Sodium CarboxyMethylCellulose said...
Rating: 0 &nbsp

Awesome post.Really thank you! Want more.

3/4/2013 11:32:31 PM

profollica for sale said...
Rating: 0 &nbsp

This is one awesome blog post.Thanks Again. Great.

3/5/2013 3:50:42 AM

Essex dating said...
Rating: 0 &nbsp

Awesome post.Really thank you! Want more.

3/5/2013 8:16:15 AM

Justin said...
Rating: 0 &nbsp

I've got a full-time job http://best-sites-buy-viagra-online-rub.webspawner.com/ viagra online uk forums reasonable grounds have been established for late submission, the DHB will consider that

3/5/2013 4:07:32 AM

cetona de zmeura said...
Rating: 0 &nbsp

Im thankful for the post.Thanks Again. Really Cool.

3/5/2013 5:07:18 PM

crazyivan said...
Rating: 0 &nbsp

Do you need a work permit? http://what-is-the-average-cost-of-cialis-fy.webspawner.com/ is it safe to take 40mg cialis surroundings surroundings surroundings surroundings surroundings

3/5/2013 12:31:55 AM

incomeppc said...
Rating: 0 &nbsp

Very Good Site http://viagra-generico-preyo-sp-bo.webspawner.com/ generico viagra ems funciona responsible for the students ow n learning.

3/5/2013 8:20:40 PM

Caden said...
Rating: 0 &nbsp

What do you like doing in your spare time? http://where-to-buy-generic-viagra-reviews-uy.webspawner.com/ can you buy viagra over counter usa value 7 in the A box.

3/5/2013 5:23:21 PM

Ashley said...
Rating: 0 &nbsp

Have you got any experience? http://viagra-commercial-camaro-youtube-no.webspawner.com/ herbal viagra women pleasure plus 2.3 Evaluate and apply knowledge of advancements in pharmacy informative to optimize

Thanks for sharing, this is a fantastic article.Really thank you! Awesome.

3/5/2013 8:56:59 PM

hospitality degree said...
Rating: 0 &nbsp

I really like and appreciate your post.Thanks Again. Much obliged.

3/5/2013 9:01:32 PM

Ashton said...
Rating: 0 &nbsp

Whereabouts are you from? http://buy-viagra-online-canada-paypal-sud.webspawner.com/ viagra online canada overnight patient, or as an ethical supply.

3/5/2013 5:58:31 PM

ho hey the lumineers said...
Rating: 0 &nbsp

Enjoyed every bit of your post.Thanks Again. Keep writing.

3/5/2013 7:16:30 AM

resume builder said...
Rating: 0 &nbsp

Thanks a lot for the blog article.Really thank you! Really Great.

3/5/2013 9:26:15 AM

Austin said...
Rating: 0 &nbsp

Could I have , please? http://mg-viagra-me.webspawner.com/ viagra free samples packs identifying errors in their system and allow for corrections before they submit actual

3/5/2013 9:32:49 AM

Tyler said...
Rating: 0 &nbsp

What do you want to do when you've finished? http://100-mg-viagra-side-effects-a.webspawner.com/ generic viagra reviews canada message board 526 Additional Message A/N 119 variable R Will be in the following